Tag Archives: Euro

The single European currency continued its positive move to the upside within the bullish path published in the previous report, after it succeeded in retesting the 1.1270 support line, recording its highest level during the last session’s trading of 1.1330. On the technical side, reading the chart on the 4-hour …

The positive attempts of the euro against the dollar continue within the bullish path published in the previous analysis, to consolidate above the 1.1230 support level, the pair is now hovering around its highest level during the morning session of the current session around 1.1275. Technically, and carefully considering the …

There were no strong market drivers during the European session. Gold prices rose on Tuesday above the key $1800 level, with increased investment demand, further supported by a weak dollar and falling Treasury yields. By 1323 GMT, the price of gold in spot transactions rose 0.5% to $1,805.43 an ounce. …

The US dollar extended its decline on Tuesday while risk-sensitive currencies such as the British pound and the Australian dollar rebounded after falling overnight. Global stocks started February higher after falling nearly 5 percent in January, and the currency market changed course as well. After the dollar index reached its …

We adhered to neutrality during yesterday’s technical report due to the conflicting technical signals, clarifying that the pair is trying to build a base on the psychological support level 1.1100 to start its daily trading on an upward trend, above 1.1235. On the technical side today, the 4-hour chart indicates …

There were no strong market drivers during the European session. The Eurozone economy expanded by 0.3% on quarter in the three months to December of 2021, meeting 0.3% expected and 2.3% prior, the preliminary estimate showed on Monday. Germany’s Harmonized Index of Consumer Prices (HICP), which is the ECB’s preferred …

The US dollar slipped on Monday, moving away from 1-1/2-year highs hit on Friday after hawkish comments from a US Federal Reserve official pushed the US bond yield curve to a three-month low. After the Federal Reserve in its meeting last week clearly indicated a rate hike in March, some …

The single European currency declined during last Friday’s trading, gradually approaching the psychological support level of 1.1100, to record its lowest level around 1.1120. Technically, the euro is challenging to confirm breaking 1.1100, and the current moves are witnessing stability above the mentioned level. Furthermore, by looking at the 60-minute …

The dollar consolidated its gains on Friday and is heading for the largest weekly increase in seven months, as the greenback’s gains against other major currencies are supported by expectations of an interest rate hike. With financial markets factoring in an expected 30 basis point interest rate hike in March …

The euro faced noticeable losses against the US dollar during the previous trading session, within the expected path, touching the first official goal at 1.1160, approaching the second target of 1.1120, recording its lowest level at 1.1130. Technically, and by carefully looking at the 4-hour chart, we notice that the …